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2017-09-13 05:29:40

BA

Boeing

$240.58

-0.01 (-0.00%)

05:29

09/13/17

09/13

05:29

09/13/17

05:29

Boeing, Malaysia Airlines sign MoU for 16 airplanes

Boeing and Malaysia Airlines Berhad signed a Memorandum of Understanding for 16 airplanes during a ceremony at the St. Regis Hotel in Washington D.C. The announcement includes eight 787-9 Dreamliners by converting eight of Malaysia Airlines' existing order of the Boeing 737 MAX aircraft and eight additional purchase rights of the 737 MAX 8s as well as Boeing's Global Fleet Care service to maintain the national carrier's current and future Boeing airplanes.

13

Sep

18

Sep

BABoeing

$240.58

-0.01 (-0.00%)

08/01/17

ARGS

08/01/17NO CHANGEARGS

Boeing price target raised to $270 from $240 at Argus

Argus analyst John Eade raised his price target on Boeing after the company delivered beat and raise results. The analyst is upbeat on the stock due to what he sees as its "significant backlog" and its high exposure to the commercial aerospace sector. He keeps a Buy rating on the shares.

Credit Suisse analyst Robert Spingarn raised his price target for Spirit AeroSystems (SPR) to $80 from $74 following the "surprise announcement" that the company had reached a key master pricing agreement with Boeing (BA). The analyst expects shares to be up strongly, followed by profit takers who, once the euphoria wears off, would resume worrying about aerostructures supplier disintermediation and the possible price reductions Spirit AeroSystems may have agreed to down the road. Spingarn reiterates an Outperform rating on Spirit AeroSystems' shares.

08/21/17

UBSW

08/21/17NO CHANGETarget $81UBSWBuy

Spirit AeroSystems price target raised to $81 from $63 at UBS

UBS analyst David Strauss raised his price target on Spirit AeroSystems (SPR) to $81 from $63 to incorporate Q2 upside and pricing MOU with Boeing (BA). Strauss reiterated his Buy rating on Spirit AeroSystems shares, also noting the shares trade at a 20-30% discount to its peers.

09/06/17

STFL

09/06/17NO CHANGESTFL

Stifel says United Tech deal strategic, not a sign of M&A 'floodgates opening'

Stifel analyst Joseph DeNardi said one of the only risks he sees to defense stocks' multiples would be a shift in cash deployment strategy from a focus on dividends and buybacks to M&A. However, he views United Technologies' (UTX) planned acquisition of Rockwell Collins (COL) as strategic and largely focused on its desire to regain leverage against Boeing (BA) and Airbus (EADSY) and not indicative of the M&A "floodgates opening" in the defense sector. Other publicly traded companies in the defense space include BAE Systems (BAESY), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC) and Raytheon (RTN).

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